Implement insurance bots to prevent lapses and increase policy renewals—sending thousands of letters a day! Notifying your policyholders that their policies are due for renewal is a massive challenge for your insurance brokerage. This isn’t a one-time thing. It’s an everyday, tons-of-manual-effort thing. It’s essential for maintaining recurring revenue—and keeping your policyholders covered. The reason …
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Do you really still have people performing these rote, error-prone chores? “Reconciliation” is just a fancy word for “making sure things match.” It’s an essential cross-checking chore that can be found in all industries. In insurance, you need to make sure that numbers from one source—say a carrier’s commission statement—match those in another—such as your …
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This is part 1 of a 4-part-series. Find the other parts here: Part 2: Crush Policyholder Services Costs & Turbocharge Customer Experience Part 3a: Digitization For Insurance Companies: Reduce Operating Cost and Multiply Effectiveness With RPA Part 3b: Slash P&C Insurance Costs & Multiply Effectiveness With RPA Minimizing claims leakage, defining the solution, …
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A CASE STUDY IN LOW-RISK, QUICK-HIT À LA CARTE STYLE ROBOTIC PROCESS AUTOMATION IMPLEMENTATION FOR INSURANCE COMPANIES OF ALL SIZES Digitization was the hot trend in insurance not too many years ago, and the efforts continue today. What was revolutionary then—and seems quaint now—was the idea of taking paper forms that customers must fill out, …
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